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FinCEN: Beneficial Ownership Information Access and Safeguards, and Use of FinCEN Identifiers for Entities
Notice of Proposed Rulemaking and Request for Comment FinCEN: Beneficial Ownership Information Access and Safeguards, and Use of FinCEN Identifiers for Entities NASCUS Legislative and Regulatory Affairs Department January 13,...
Federal Reserve/FDIC/OCC: Joint Statement on Crypto-Asset Risks to Banking Organizations
Federal Reserve/FDIC/OCC Joint Statement on Crypto-Asset Risks to Banking Organizations Summary January 8, 2023 The Board of Governors of the Federal Reserve System (Federal Reserve), the Federal Deposit Insurance Corporation...
NCUA Rules 701 AND 714: Financial Innovation: Loan Participations, Eligible Obligations, and Notes of Liquidating Credit Unions
NCUA Proposed Rulemaking Summary 2022-0185 NCUA Rules 701 AND 714: Financial Innovation: Loan Participations, Eligible Obligations, and Notes of Liquidating Credit Unions NASCUS Legislative and Regulatory Affairs Department January 6,...
Federally Insured Credit Union Use of Distributed Ledger Technologies
NCUA Letter to Credit Unions 22-CU-07: Federally Insured Credit Union Use of Distributed Ledger Technologies NCUA has issued LTCU 22-CU-07 to address the increased use of financial technology by credit...
Summary Guidance: Interagency Question and Answers Regarding Flood Insurance
Summary Guidance: Interagency Question and Answers Regarding Flood Insurance Prepared by NASCUS Legislative & Regulatory Affairs Department May 2022 NCUA, together with the OCC, Federal Reserve Board, the FDIC, and...
Equal Credit Opportunity Act (Reg. B) Revocations/Change of Terms
CFPB Summary: Advisory Opinion re: Equal Credit Opportunity Act (ECOA) Revocations/Change of Terms 12 CFR Part 1002 The Consumer Financial Protection Bureau (CFPB) issued an advisory opinion to affirm that...
2021 Exemption Thresholds Adjustments Under the Truth in Lending Act (Regulation Z) and the Consumer Leasing Act
Regulatory Alert 20-RA-09 2021 Exemption Thresholds Adjustments Under the Truth in Lending Act (Regulation Z) and the Consumer Leasing Act December 2020 NCUA’s Regulatory Alert notifies credit unions of the...
COVID-19 Fraud Schemes
NCUA Risk Alert: 20-Risk-02 COVID-19 Fraud Schemes August 2020 NCUA issued Risk Alert 20-RA-02 to inform credit unions about fraud risks associated with the COVID-19 pandemic. The economic dislocation resulting...
Treatment of Certain COVID-19-Related Loss Mitigation Options Under the Real Estate Settlement Procedures Act
Regulatory Alert 20-RA-06 Treatment of Certain COVID-19-Related Loss Mitigation Options Under the Real Estate Settlement Procedures Act August 2020 NCUA’s Regulatory Alert notifies credit unions of the CFPB’s interim final...
Remittance Transfers under the EFT Act
Regulatory Alert 20-RA-05 Remittance Transfers under the EFT Act June 2020 NCUA’s Regulatory Alert provides credit unions information regarding changes to the CFPB’s Remittance Rule (Regulation E) which implements the Electronic...
Update to Offsite Examination and Supervision Approach
Letter to Credit Unions 20-CU-17 Update to Offsite Examination and Supervision Approach May 2020 NCUA is updating its supervisory approach implemented in response to the COVID-19 crisis and originally announced...
Interpretive Rule on Waiver of TRID and TILA Waiting Periods
Regulatory Alert 20-RA-03 CFPB Issues Interpretive Rule on Waiver of TRID and TILA Waiting Periods May 2020 NCUA’s Regulatory Alert discussed the CFPB’s interpretive rule clarifying when consumers can elect...